The new CIO, who has been with the firm since 2018, has played a key role in shaping the private bank’s “defensive growth approach.”
Maerki
Baumann & Co, a Zurich-based private bank, has appointed
Konstantinos Ntefeloudis (pictured) as its chief investment
officer (CIO) with effect from 1 January 2026.
He succeeds Gérard Piasko, who had served as Maerki Baumann’s CIO
since 2018. In his new role as chief economist, Piasko will
concentrate on macroeconomic analyses and assessments for guiding
the bank’s investment policy, drawing on his expertise in
identifying market-relevant developments.
Ntefeloudis, who has been with the bank since 2018, has more than
20 years of banking experience as well as in-depth expertise
across all asset classes. As head of investment management and
chairman of the investment committee, he was already responsible
for defining the investment strategy and managing Maerki
Baumann’s modular investment solution. In particular, he has
played a key role in shaping the private bank’s “defensive growth
approach.” As deputy head private banking, Ntefeloudis
continuously developed the bank’s services, for example in the
fields of private markets, venture capital and digital assets,
the bank said.
“Especially in times of geopolitical tensions and heightened
market uncertainty, reliable market expertise and a consistent
investment policy are crucial. With the appointment of
Konstantinos Ntefeloudis, we are placing our trust in a proven
expert who is thoroughly familiar with our private bank and
investment philosophy,” Dr Stephan A Zwahlen, CEO of Maerki
Baumann, said. “We are delighted that Gérard Piasko will continue
to support us as chief economist with a focus on macroeconomic
issues.”
Maerki Baumann, which was founded in 1932 and is owned by the
Zurich-based Syz banking dynasty, has more than SFr12 billion
($14.02 billion) of client assets and employs about 100
people. Its clients are mainly in Switzerland and Germany.
However, it expanded into the Gulf region recently; in October
2024, it set up an Abu Dhabi branch, as reported
in WealthBriefing.